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Tag: umbrella

State aid: EU Commission approves €155 million Hungarian “umbrella” direct grant scheme

….to support the economy in the coronavirus outbreak The European Commission has approved a HUF 54 billion (approximately €155 million) “umbrella” scheme to support companies affected by the coronavirus outbreak. The “umbrella” scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 […]

State aid: EU Commission approves €5 billion French “umbrella” scheme to support research

… development, testing infrastructures and production of coronavirus relevant products The European Commission has approved a €5 billion French “umbrella” scheme to support research and development, testing and upscaling infrastructures and production of coronavirus relevant products. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as […]

State aid: EU Commission approves €9 billion Italian “umbrella” scheme to support economy in coronavirus outbreak

The European Commission has approved a €9 billion Italian “umbrella” scheme to support the Italian economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April and 8 May 2020. Executive Vice-President Margrethe Vestager, in […]

State aid: EU Commission approves second Spanish “umbrella” scheme to support economy in coronavirus outbreak

The European Commission has approved the second Spanish “umbrella” scheme to support the Spanish economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. The measure allows for the provision of aid in […]

State aid: EU Commission approves €2 billion Slovenian “umbrella” scheme to support the economy in coronavirus outbreak

The European Commission has approved a €2 billion Slovenian State aid scheme to support the Slovenian economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. Executive Vice-President Margrethe Vestager, in charge of […]

State aid: EU Commission approves €7 billion French “umbrella” scheme to support the economy in the coronavirus outbreak

The European Commission has approved a €7 billion French “umbrella” scheme to support small and medium-sized enterprises (SMEs) and large corporates in France affected by the coronavirus outbreak.The scheme, called “Regime Cadre Temporaire”, was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. […]